Tempe, AZ Cost Of Living
Cost Of Living In Tempe, AZ Summary
Cost of living in Tempe research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Tempe is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arizona, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Tempe is 105, with 100 being the average.
The cost of living index in Tempe is 1.1x higher than the national average.
Tempe ranks as the #66 cheapest in Arizona out of 94.
Tempe ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Tempe is $321,300.
The median income in Tempe is $64,080.
Table Of Contents
Tempe's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Tempe, AZ?
According to the most recent data on the cost of living, Tempe has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Arizona, Tempe has a cost of living index that's 1.0x lower than Arizona's index of 107.
The standard of living in Tempe ranks as #66 most affordable out of the 94 places we measured in Arizona. By definition, that implies Tempe ranks as the #28 most expensive place in the Grand Canyon State.
For more reading on life in Tempe, check out:
- Living In Tempe
- Tempe Crime Report
- Search Homes For Sale In Tempe, AZ
In Arizona
In America
Tempe Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Tempe. Here is how it fairs on each of the criteria:
The Services index in Tempe is 94.
The Groceries index in Tempe is 100.
The Health index in Tempe is 91.
The Housing index in Tempe is 115.
The Transportation index in Tempe is 107.
The Utilities index in Tempe is 107.
| Living Expense | Tempe | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 105 | 107 | 100 | |
| Services | 94 | 102 | 100 | |
| Groceries | 100 | 101 | 100 | |
| Health | 91 | 94 | 100 | |
| Housing | 115 | 121 | 100 | |
| Transportation | 107 | 105 | 100 | |
| Utilities | 107 | 97 | 100 | |
Tempe, AZ Housing Cost Breakdown
Housing swings affordability the most between places in Arizona, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Tempe is $321,300.
The Median Rent in Tempe is $1,345.
The Median Income in Tempe is $64,080.
The Home Value To Income in Tempe is 5.0x.
The Rent To Monthly Income in Tempe is 0.25x.
| Statistic | Tempe | Arizona | United States |
|---|---|---|---|
| Median Home Value | $321,300 | $265,600 | $244,900 |
| Median Rent | $1,345 | $1,172 | $1,163 |
| Median Income | $64,080 | $65,913 | $69,021 |
| Home Value To Income | 5.0x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Tempe, AZ Costs By Category
Detailed Tempe Services Costs Vs. Arizona
Detailed Tempe Groceries Costs Vs. Arizona
Detailed Tempe Health Costs Vs. Arizona
Detailed Tempe Transportation Costs Vs. Arizona
Detailed Tempe Utilities Costs Vs. Arizona
Tempe SnackAbility
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Cost Of Living In Cities Around Tempe
The cost of living varies in the cities and towns around Tempe. Here's a quick look at the cost of living in the most populous nearby places:
Phoenix, AZ has a cost of living index of 96, 0.9x Tempe.
Mesa, AZ has a cost of living index of 98, 0.9x Tempe.
Chandler, AZ has a cost of living index of 107, 1.0x Tempe.
| City | Population | Cost Of Living | Vs. Tempe |
|---|---|---|---|
| Phoenix, AZ | 1,591,119 | 96 | 0.9x |
| Mesa, AZ | 497,752 | 98 | 0.9x |
| Chandler, AZ | 272,439 | 107 | 1.0x |
| Gilbert, AZ | 262,249 | 113 | 1.1x |
| Glendale, AZ | 245,685 | 97 | 0.9x |
| Goodyear, AZ | 93,651 | 105 | 1.0x |
| Santa Cruz, CA | 62,714 | 186 | 1.8x |
| Queen Creek, AZ | 57,728 | 112 | 1.1x |
| Fountain Hills, AZ | 23,639 | 124 | 1.2x |
| Sun Lakes, AZ | 13,912 | 109 | 1.0x |
